USDJPY Forecast:

The USDJPY attempt to push lower yesterday, bottomed at 92.82 but closed higher at 93.36 and keep moving higher around 93.50 at the time I wrote this comment. The bias is bullish in nearest term as I believe this bullish momentum could end the bearish correction and continue the main bullish trend targeting 95.50 area especially if price able to break above 93.75 today. Immediate support at 93.00. Break below that area should keep the bearish correction scenario intact testing 92.50/00 region.

Related Posts:

  • USDJPY Daily Forecast: March 31
  • USDJPY Daily Forecast: January 14
  • USDJPY Daily Forecast: February 12
  • Daily Forecast for Crosses: April 09
  • USDJPY Daily Forecast: February 26
  • ©2010 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.